With the Chinese mainland ramping up its intellectual property protections, foreign companies are more confident than ever in securing their innovations across the region. The latest data from the China National Intellectual Property Administration (CNIPA) shows a remarkable increase in patents and trademarks granted to foreign applicants last year.
🔍 The number of effective invention patents owned by foreign entities in the Chinese mainland surpassed 900,000, marking a 5% year-on-year growth. Similarly, trademark registrations by foreign applicants climbed to over 2.1 million, up by 3.4% compared to the previous year. 📈
Shen Changyu, head of the CNIPA, emphasized during a recent symposium attended by global giants like AstraZeneca, Ford Motor, LEGO, and Tesla, that the Chinese mainland remains dedicated to providing equal IP protection for both domestic and foreign businesses. \"Strict IP protection is a top priority, and we're committed to ensuring a fair environment for all enterprises,\" Shen stated.
The symposium, held earlier this month, provided a platform for these companies to voice their IP protection needs and offer suggestions, further strengthening the collaborative efforts to safeguard innovations in the Chinese mainland market. 🌐💡
As the Chinese mainland continues to reinforce its IP framework, the surge in foreign patent holdings underscores the nation's growing role as a pivotal hub for global innovation and business.
